Archive · 18 Jul 2026
Osmania University and SBI Partner for Staff Insurance Benefits
Osmania University and the State Bank of India have made a special agreement to help university employees.
This agreement gives them a lot of insurance coverage.
If something bad happens, like an accident, the employees and their families will get money to help them.
The university and the bank both think this is a great thing for the workers.
The university says it will help a lot of people, and the bank says they will also get extra health insurance and other good things.
Osmania University and SBI signed an MoU to provide insurance benefits to university staff.
The agreement includes coverage for accidental death, air accidents, permanent and partial disability, and natural death.
Accidental death coverage is Rs 1.1 crore, air accidents Rs 1.6 crore, permanent disability Rs 1 crore, partial disability Rs 80 lakhs, and natural death Rs 10 lakhs.
Bank officials mentioned additional concessions and medical health insurance for eligible personnel.
Kumar Molugaram emphasized the massive advantages this agreement will bring to the workforce.
- Who
- Osmania University and State Bank of India
- What
- Signed a Memorandum of Understanding to provide insurance benefits to university staff
- When
- Friday
- Where
- Hyderabad
- Why
- To extend salary package benefits and comprehensive insurance coverage to university employees
University Administration
Bank Officials
Benefits Focus
University Administration
Ensures comprehensive insurance coverage for staff members.
Bank Officials
Provides additional concessions and medical health insurance.
- Accidental Death Coverage
- Rs 1.1 crore
- Air Accident Coverage
- Rs 1.6 crore
- Permanent Disability Coverage
- Rs 1 crore
- Partial Disability Coverage
- Rs 80 lakhs
- Natural Death Coverage
- Rs 10 lakhs
- Additional Benefits
- Medical health insurance and other concessions